Bally Technologies has told investors that it expects to close its $1.3bn billion acquisition of SHFL entertainment by the end of the year.
The company, which said its profits grew six percent in the first quarter, will fund the transaction through proceeds from a new $1.1bn terms loan created in August.
“We continue to focus on and execute very well on all aspects of our core business, while undertaking significant and successful integration planning efforts in preparation for the planned acquisition of SHFL entertainment,” said Bally CEO Ramesh Srinivasan (pictured).
